Semler Scientific will raise $75 million to fund Bitcoin purchases with paper winnings of nearly $30 million
Semler Scientific plans to raise $75 million through a private offering of convertible notes, which will help fund more Bitcoin purchases.
Healthcare technology and software company Semler Scientific plans to raise $75 million to buy more Bitcoin after reporting a $29 million paper gain on its existing holdings.
Semler He said In a Jan. 23 press release, it said it would raise millions through a private offering of convertible securities scheduled to mature in 2030, with some of the proceeds going toward corporate activities, including purchasing more bitcoin (BTC).
The company also on January 23 Released Q4 2024 earnings results show that its Bitcoin holdings had an unrealized gain of $28.9 million.
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